SPDR(R) S&P(R) OIL & GAS EXPLORATION & ETF News

Oil headed for its biggest weekly decline since February on signs of easing geopolitical risks in the Middle East and weakening across fuel markets. Bloomberg's Stephen Stapczynski reports.

Mexican export cuts and a rerouting of Canadian output are shrinking already limited supplies of heavy crude in the Atlantic basin, driving up refiners' costs with a likely knock-on effect to industri

USOIL's rally eyes the $80 mark, as OPEC+ cuts hint at tighter supply amidst a cautious global demand outlook.

Oil prices edged up in early trade on Friday on the prospect of OPEC+ continuing output cuts, but the crude benchmarks were headed for weekly losses on U.S. economic uncertainty and limited crude supp

A U.S. regulator's censure of a top U.S. oil executive over private meetings with the Organization of the Petroleum Exporting Countries (OPEC) group of oil producers has put a spotlight on dinners att

Oil traders focus on Powell's comments and the recent crude inventory data.

Equinor has signed a long-term deal with engineering companies to help drive down the cost of developing two offshore oil discoveries that were previously postponed, the Norwegian energy group said on

Russia has been quietly shipping refined petroleum to North Korea at levels that appear to violate the mandates of the United Nations Security Council, a U.S. official said on Thursday, adding the U.S

Brent crude oil prices have dropped to $83.95 per barrel on Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil

The oil market has been rather negative over the last few days, and as a result we are now looking into whether or not we have buyers in a very important region.

The allegations come as Exxon Mobil struck an agreement with antitrust enforcers not to add the former Pioneer CEO to its board, allowing Exxon to close a deal to acquire Pioneer.

The sale of ExxonMobil's Nigerian petroleum assets to Seplat could be approved in less than two weeks, Nigeria's oil regulator told Reuters on Thursday.

Oil prices are under pressure from rising inventories, softening demand and higher for longer interest rates.

Oil futures rose early Thursday, attempting to bounce back a day after data showing a jump in U.S. crude inventories sparked the steepest one-day selloff since early January.

OPEC and its allies have yet to begin formal talks on extending 2.2 million barrels per day of voluntary oil output cuts beyond June, but three sources from OPEC+ producers who have reduced production